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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Don Pueblo who wrote (6743)	1/30/2000 11:45:00 PM
From: LPS5	Read Replies (2) \| Respond to of 18137

TLC, No, you don't have to thank me! Instead, let me thank you; I've always enjoyed your posts. In addition, your apology is accepted, and let me assure you that there's no need to be playfully self-deprecating - "yapping" is fine with me. I've learned from your posts and enjoyed the Cousin Shorty pieces as well. Now, that said... ...saying that firms "make their own rules" with regard to margin is not wrong, but a bit oversimplified. Specifically, brokerage firms have two choices with regard to in-house margin policies: one, to follow the guidelines of the Federal Reserve or two, to set stricter guidelines than the FRB specifies. They may not impose house rules more lax than FRB standards (for margin). I'm not sure about how your lecturette on BB stocks applies to me - or anyone on this thread, with the exception of the once-in-awhile tout who can't read the admonishment not to post stock picks here, but let me be clear, lest you think that I'm saying that I - or anyone, really - "daytrades" BB stocks. My trading activity is overwhelmingly concentrated in NASDAQ issues, with listed issues accounting for under 1/4 of such activity. I've never daytraded an OTCBB stock; as I mentioned, when I was younger and more foolish, once, I went long a penny stock. That was shortly before my professional education began. I have several brokerage accounts, one of which I keep for the express purpose of firing up ever now and again when I hear about a stock on the OTCBB that is mentioned on one of several highly bookmarked threads on SI. Only short, and never on an intraday basis. Just a little something I've grown fond of; candidates usually comes along once or twice a quarter. Take care, OK? Hope to see you around here more often. Thanks again. LPS5